Output convergence revisited: New time series results on industrialized countries

Ruey Yau, James C. Hueng

Research output: Contribution to journalArticlepeer-review

2 Scopus citations

Abstract

Cross-country output convergence is re-examined using a flexible concept of unit roots. While the presence of a constant unit root in output-differences implies nonconvergence, the presence of a stochastic unit root on the contrary implies convergence. Using the output-differences between the USA and the other 14 OECD countries, we find output divergence only for the USA/UK and USA/Sweden country-pairs.

Original languageEnglish
Pages (from-to)75-77
Number of pages3
JournalApplied Economics Letters
Volume14
Issue number1
DOIs
StatePublished - 20 Jan 2007

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